Two funds to promote real economy in Huaxi district

Huaxi district in Guiyang – capital of Southwest China's Guizhou province – recently signed agreements with Guiyang Industrial Development Holding, Guizhou Zhuyin Capital Management Co and Guizhou Guixin Ruihe Venture capital Management Co for the establishment of two funds to promote the real economy there.

The two funds are to be called the Guizhou innovation empowering big data investment fund and the Huaxi new industrialization green industry investment fund.

The signing ceremony for the two funds takes place. [Photo/colorful Guizhou network]

The Guizhou innovation empowering big data investment fund will have a total size of 5 billion yuan ($782.01 million).

It will mainly invest in big data and related enabling applications companies in Guiyang and in the nearby Guian New Area with high growth and good development potential. They are expected to be in such fields as digital industrialization, digital infrastructure and the new digital economy.

The fund will also play the role of attracting investment, to introduce big data and top enterprises in related fields from other provinces to Guiyang and the Guian New Area.

With a total size of 500 million yuan, the Huaxi new industrialization green industry investment fund will mainly invest in emerging industries in Huaxi – including electronics information manufacturing, mid-to-high-end consumer product manufacturing and mid-to-high-end equipment manufacturing.

Moving forwards, plans are for Huaxi to further clarify the fund applications conditions, guidelines and procedures.